Get 15% off on Global Market Reports until March 31st! Use code FY25SAVE at checkout.

How has the veterinary eye care market grown in recent years?

There has been a significant expansion in the size of the veterinary eye care market over the past few years. The sector, which is anticipated to expand from $68.25 billion in 2024 to $71.97 billion in 2025, is projected to experience a compound annual growth rate (CAGR) of 5.4%. Factors contributing to this growth during the historic period include advancements in veterinary medicine, trends in pet ownership, preemptive healthcare approaches, technological advancements, and increased education and awareness.

How is the veterinary eye care market size expected to evolve during the forecast period?

In the coming years, a robust expansion is projected in the veterinary eye care market. It is expected to reach a size of $87.63 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.0%. The predicted climb during this forecasted period is due to factors such as population patterns, regulatory landscapes, consumer inclinations and expenditures, accessibility of healthcare and insurance, and the emergence of new diseases and conditions. Noteworthy trends within this timeframe will be cutting-edge imaging methods, minimally invasive surgical procedures, and gene therapies.

Get your veterinary eye care market report here!

https://www.thebusinessresearchcompany.com/report/veterinary-eye-care-global-market-report

Which key drivers are propelling the veterinary eye care market’s growth?

The escalation in the number of domestic animals is anticipated to stimulate the expansion of the veterinary eye care market in the future. This refers to the collective count of household animals maintained by people for emotional support, companionship, recreation, or other non-practical purposes. Societal trends favoring the ownership of pets, progress in veterinary medicine, and the heightened consciousness regarding pet healthcare contribute to the increase in the pet population. It is vital to diagnose and treat ocular conditions in pets through veterinary eye care, which guarantees their overall visual health and quality of everyday life. For example, in December 2023, the National Pet Owners survey conducted by the American Pet Products Association (APPA), a non-profit organization based in the US, revealed that 66% of American homes had pets. This accounted for approximately 86.9 million American homes with pets, which included 46.5 million cats, 65.1 million dogs, and 2.2 million horses. As a result, the escalating pet population is advancing the growth of the veterinary eye care market.

What are the market segments in the veterinary eye care industry?

The veterinary eye care market covered in this report is segmented –

1) By Product Type: Ophthalmic Drugs, Ophthalmic Devices, Ophthalmic Surgery

2) By Animal Type: Companion Animal, Livestock Animals

3) By Indication: Eyelid Abnormalities, Cataract, Glaucoma, Retinal Complications, Uveitis, Conjunctivitis, Corneal Complications, Other indications

4) By End User: Veterinary Hospital, Veterinary Clinics, Other End Users

Subsegments:

1) By Ophthalmic Drugs: Anti-Inflammatory Drugs, Antibacterial Drugs, Antifungal Drugs, Lubricating Agents

2) By Ophthalmic Devices: Intraocular Lenses, Tonometers, Ophthalmoscopes, Retina Imaging Systems

3) By Ophthalmic Surgery: Cataract Surgery, Glaucoma Surgery, Retinal Surgery, Corneal Transplantation

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=15693&type=smp

Who are the key firms paving the way for growth in the veterinary eye care market?

Major companies operating in the veterinary eye care market are Boehringer Ingelheim, Zoetis Inc., Merck Animal Health, Bausch & Lomb Incorporated, Virbac, Menicon Co. Ltd., Nutramax Laboratories Inc., Manna Pro Products LLC, Farnam Companies, Bayer Animal Health, Beaphar, Revival Animal Health, MiracleCorp Products, Zymox, Domes Pharma, Epicur Pharma, TVM UK Animal Health Ltd., I-MED Animal Health, an-vision GmbH, Optixcare, MENFORSAN, Nutri-Vet, Boss Pet Products Inc.

What are the key trends shaping the future of the veterinary eye care market?

Leading businesses in the veterinary eye care market are concentrating on the development of innovative products like ocular lubricants, which boost comfort and the ocular wellbeing of animals, improve the results of treatments, and cater to numerous eye ailments. Ocular lubricants are specially crafted merchandise intended to moisten and shield the surface of animal eyes. These lubricants support the adequate hydration of the cornea and conjunctiva, offering relief from discomfort, dryness, and irritation. For instance, Millpledge Veterinary, a UK-based vet product producer, introduced a new ocular lubricant called Oculeze in April 2024. This was created to promote animal eye health and is applicable for numerous species such as rabbits, horses, cats, and dogs. It is exceptionally useful for managing situations that need extra lubrication or moisture to promote eye health. The ocular lubricant is comprised of natural active ingredients such as glycerin (0.8%), aloe vera, chamomile, and propolis extract, which are famed for their soothing and hydrating characteristics. The product is pH-neutral and phosphate-free, making it suitable for a broad range of conditions that demand additional moisture or lubrication for maintaining eye health.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15693

Which regions are most influential in expanding the veterinary eye care market?

North America was the largest region in the veterinary eye care market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the veterinary eye care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Veterinary Medical Equipment Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-medical-equipment-global-market-report

Veterinary Laboratory Testing Services Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-laboratory-testing-services-global-market-report

Veterinary Vaccines Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/veterinary-vaccines-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: